While the crypto market is going through a bullish timeline, the altcoins are behaving unusually, recording a total liquidation of nearly $200 million in the past 24 hours. The liquidation is led by two of the most popular tokens, BIGTIME and ORDI.
According to Coinglass data, the cryptocurrency market had a total liquidation of approximately $250 million in the past 24 hours at the time of writing.
While excluding BTC liquidation, it represents a figure of over $200 million, which is dominated by ETH, ORDI, and BIGTIME.
![Crypto assets liquidation](https://www.cryptotimes.io/wp-content/uploads/2024/02/kAihRbEubYQbgg46gS3GMNbcQo2Ter2IQV2vUIna6lmYe1xTsX6ERrTEjlDfQHITW7Q8vgPv8UakWoQO1gBDI0DhjV6P-MwwyAHf1TH17Oyq5GnoGkzSKZS5ZAGK00AbT1XZPx2Xke5IbHXuODOFZhQ.png)
ORDI is the native token for the Ordinals protocol, which issues inscription NFTs on Bitcoin. The token has surged over 25% in the past 24 hours, which has caused more than $14 million in liquidation in its futures markets.
Similarly, BIGTIME has also soared over 40% in the past 24 hours, resulting in the liquidation of more than $12 million of futures. It is a native token for an online RPG game. Both of these tokens have seen the highest futures liquidation after BTC and ETH.
Also Read: Over $180M of Shorts Liquidated in 24 Hours As BTC Touch $42k